Hello,

I would like to know if, with a DTV visa, I am required to pay taxes in Thailand on my income. Do I need to report anything? After all, I already pay taxes on my income in my home country.

Also, I do not have a bank account in Thailand.

I am seeking information.

It appears that the Thai government enacted income tax for foreigners effective Jan 2024, including retirees like me. Those of us who live here will be required to file a tax return by March 2025. My French friends have a document from their embassy showing how it will work. Alas, I don’t speak or read French, and even they could make neither head nor tales of the formulas for calculating the tax, let alone how to file a return.

Has the Thai government, or the US embassy, put out any such document? Or any other country that has published one in English?

I can see how this post could easily get hijacked with a lot of tangential comments (opinions), so if that happens I’ll just delete the post. Just the facts, please.

How much corporate tax would I really have to pay in Thailand?

I've read that it's 15% or 20% depending on your net profit. The official numbers are easy to find. But I've also read that you need to hire four Thai employees, and I know now that there are methods to circumvent this requirement.

Therefore I'm wondering if there are some "tricks" to avoid paying that much tax too?

Sorry if my question comes across as cynical, but I need to know this before I decide to form a company in Singapore instead of in Thailand. As we all know, the official law here often doesn't reflect reality. I just want to know what to expect.